ACME Solar has been awarded a 450 MW – 1800 MWh assured peak power SJVN FDRE-IV project at a tariff of INR 6.75/unit for 25 years. The project integrates 300 MW of Solar and Battery Energy Storage System (BESS) technology of approximately 1800 MWh, focusing specifically on peak power supply to support grid stability.
Project Award Overview
ACME Solar has secured a 450 MW – 1800 MWh assured peak power SJVN FDRE-IV project. The project was awarded on November 10, 2025, with a tariff set at INR 6.75 per unit for a duration of 25 years. The e-reverse auction for the tender occurred on October 9, 2025, and the Letter of Award (LoA) was received on November 10, 2025.
Project Details and Integration
The project mandates the supply of power at 4 MWh per MW of capacity during any four-hour period within the peak demand window, ensuring 90% availability monthly. The integration will include 300 MW of Solar power along with a Battery Energy Storage System (BESS) using approximately 1800 MWh of technology to meet supply demands.
Strategic Focus
This initiative focuses on peak power supply, aiming to bolster grid stability and effectively manage critical peak demand. It leverages night-time connectivity available with ACME Solar in high irradiation zones within Rajasthan. Notably, this marks ACME Solar’s inaugural project utilizing Indian-made solar cells under the ALMM List-II.
Executive Commentary
According to Mr. Rahula Kashyapa, Chief Commercial Officer at ACME Solar, securing the SJVN FDRE-IV project with peak power efficiently uses available transmission capacity from night time connectivity. This approach enables the company to realize early revenue, creating a beneficial outcome for both the customer and ACME Solar.
Source: BSE
